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Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

GCC keeps pace with global solar, wind trends

Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...

Transformation will propel MENA economy: IMF

Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.
  • Jihad Azour, Director of the Middle East and Central Asia Department at IMF, has said the economic recovery of the region is affected by several factors
  • However, the region needs to rely on an agenda of transformation policies to continue down the path of economic recovery

Disney takes on OTT platforms with MENA expansion

Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional...
  • The Disney launch covers almost all of the Middle East and good chunks North Africa
  • In all, Disney+ is expanding to 42 countries and 11 territories in the EMEA region

Airbus cancels Qatar Airways plane order as feud deepens

The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.
  • Airbus has cancelled an order of 50 A321neo planes from Qatar Airways, one of its major customers
  • This is in response to the airline grounding several of its A350 aircraft due to an issue with fuselage surfaces

Bitcoin crash tears through investor confidence

The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.
  • The world watched on Friday as the price of Bitcoin first dropped below $40,000 for the second time this month
  • It then slid further to go under $39,000, a level it had not seen since August 2 last year, when it had closed at $38,191

GCC must heed IMF take on emerging economies

The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the...
  • GCC countries are depending on emerging nations to diversify their own economies
  • With those economies now under a cloud, the GCC nations should choose their next steps carefully

UNWTO optimism to cheer up MENA tourism

While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia...
  • UNWTO Executive Director Zoritsa Urosevic has said that the ‘future is bright’ for the tourism sector
  • Tourists ‘will come back’ and the industry will recover from the pandemic because it is ‘very resilient,’ she said

Cross-sector deals boost Saudi-French ties

The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities,...
  • The Saudi Arabian Airlines Corporation has ordered CFM engines worth $8.5 billion for its Airbus fleet
  • Saudi Aramco also signed deals with French companies to exercise its diversified energy portfolio

Global ripples await MidEast markets on Sunday

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.
  • Covid-19 has a new variant that spooked global markets, and its spike protein, which most vaccines target, has mutated 50 times
  • This could dent the efficacy of most Covid-19 vaccines across the world, and dampen sentiments further

Carbon capture tech finally gaining speed: IEA

For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.
  • Carbon-capture tech and facilities say a stagnation, and even regression, from 2010 to 2017
  • However, 2021 has seen many countries and organizations promising to scale up the technology due to their net-zero pledges

Energy prices may come down early next year

Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were...
  • International energy prices will revert to more normal levels early next year when heating demand ebbs and supplies adjust, the IMF has said
  • However, it has also warned that “if prices stay high as they have been, this could begin to be a drag on global growth”

GCC keeps pace with global solar, wind trends

Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...

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Latest News

Airbus cancels Qatar Airways plane order as feud deepens

The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.

Bitcoin crash tears through investor confidence

The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.

GCC must heed IMF take on emerging economies

The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the...

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Cross-sector deals boost Saudi-French ties

The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities,...
  • The Saudi Arabian Airlines Corporation has ordered CFM engines worth $8.5 billion for its Airbus fleet
  • Saudi Aramco also signed deals with French companies to exercise its diversified energy portfolio

Global ripples await MidEast markets on Sunday

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.
  • Covid-19 has a new variant that spooked global markets, and its spike protein, which most vaccines target, has mutated 50 times
  • This could dent the efficacy of most Covid-19 vaccines across the world, and dampen sentiments further

Carbon capture tech finally gaining speed: IEA

For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.
  • Carbon-capture tech and facilities say a stagnation, and even regression, from 2010 to 2017
  • However, 2021 has seen many countries and organizations promising to scale up the technology due to their net-zero pledges